As of March 01, 2025, the average annual salary for an Insurance Actuary I in New Jersey is $89,670. Salary.com reports that pay typically ranges from $80,164 to $98,901, with most professionals earning between $71,509 and $107,305.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $90,247 | $7,521 | $1,736 | $43 |
| Average | $81,824 | $6,819 | $1,574 | $39 |
| 25th Percentile | $73,151 | $6,096 | $1,407 | $35 |
An entry-level Insurance Actuary I with under 1 year experience makes about $87,842. With less than 2 years of experience, a mid-level Insurance Actuary I makes around $88,815. After 2-4 years, the Insurance Actuary I pay rises to about $90,855. Those senior Insurance Actuary I with 5-8 years of experience earn roughly $91,263, and those Insurance Actuary I having 8 years or more experience are expected to earn about $91,535 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Actuary I | $87,842 |
| Intermediate Level Insurance Actuary I | $88,815 |
| Senior Level Insurance Actuary I | $90,855 |
| Specialist Level Insurance Actuary I | $91,263 |
| Expert Level Insurance Actuary I | $91,535 |
| Entry Level | 7% |
| Mid Level | 9% |
| Senior Level | 11% |
| Top Level | 12% |
| Experienced | 12% |
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